* The service fee will be adjusted downward according to the above table if the total account value reaches the next level. This can be price movement of the metals or additional funding. Annual charges will never be adjusted upward based on precious metals prices moving lower.
Silver is 75 x bulkier than Gold and the higher charge reflects the additional higher cost of storage and handling.

Fees include:

High security storage cost of the silver

Insurance of the silver at market value

All administrative matters in connection with the buying and storage of the silver

Early warning alerts and reports on the world economy and precious metals

An additional small charge is applied every time the vault position changes. This includes customs clearance, handling, moving into bonded warehouse and issuing the Certificate of Ownership or Warehouse Receipt for first time entries. For a silver transaction value of under CHF650.000 the fixed fee is CHF700. For a silver transaction value of CHF650.000 and above the fee is CHF1.000. Thereafter vault handling charges are applied on a case by case basis depending on volume and typically vary between CHF300 and CHF600 per full silver handling.

VAT (Value Added Tax)There is No VAT payable on Silver as long as it is stored in the duty free zone at Zurich airport. Only when investors import the silver from the vaults into a European country, VAT is payable at the VAT rate of that country.

GoldSwitzerland offers its customers a very competitive Silver dealing price.
The price at which GoldSwitzerland buys or sells VAT free (8%) Silver for the investor is at the interbank paper Silver spot price plus a slightly variable margin for physical secure transport and insurance of the metals from a non-domestic Swiss location.
All Silver transactions can be executed directly versus USDollar, Swiss Franc, Pound, Euro, Canadian Dollar and Australian Dollar.

Client sells Silver

For selling and handling physical metals the following conditions apply:

Silver – Market conform minimum weight

Silver – Spread – approx 1.5%-2% depending on size.

Vault charges are extra (between 450 and 1,500 CHF depending on quantity). This includes the handling and release from the vault, customs clearance and re-issuing a new warehouse receipt to the client.